2023-08-31-accounts

			Page
Reference and Administrative		Details ofthe Charity, its Trustees and Advisers
Trustees' Report			2-5
Independent Auditors'	Report	on the Financial Statements	6-9
Statement of Financial	Activities		10
Balance Sheet
Statement ofCash Flows			12
Notes to the Financial	Statements		13-23

Trustees			Dr U Hoppe
			I Redemann
			Dr EThorne
Company	registered
number			2198970
Charity registered
number			1042523
Registered		office	69-71 Great	Eastern Street
			London
			EC2A 3HU
Principal	Operating		R Bills
Officer
Independent		auditors	Lubbock Fine		LLP
			Chartered Accountants
			Paternoster	House
			65St Paul's	Churchyard
			London
			EC4M 8AB
Bankers			Barclays Bank		pic
			PO Box No	4578
			155 Brompton		Road
			London
			SW3 1XD
			Commerzbank
			40300 Dusseldorf
			Germany

				Total	Total
				funds	funds
			Note	2023f	2022
INCOME
Tuition fees and education		contracts		1,295,442	817,977
Investment income				1,784	109
TOTAL INCOME				1,297,226	818,086
EXPENDITURE
Charitable activities:
Staff costs				545,576	609,880
Other operating expenses				897,382	449,952
Depreciation				46,334	46,642
Interest and other	finance	costs		11,991	5,348
Loss on disposal of fixed		assets		1,779
TOTAL EXPENDITURE				1,503,062	1,111,822
DEFICIT FOR THE	YEAR			(205,836)	(293,736)
RECONCILIATION	OF RESERVES:
Total reserves brought forward				1,382,905	1,676,641
Net movement in reserves				(205,836)	(293,736)
TOTAL RESERVES CARRIED FORWARD				1,177,069	1,382,905

			2023		2022
	Note
NON-CURRENT ASSETS
Tangible fixed assets			1,020,355		1,062,980
CURRENT ASSETS
Trade and other receivables		321,564		303,695
Cash and cash equivalents		561,301		677,514
		882,865		981,209
Creditors: amounts falling due within one
year	10	(726,151)		(661,284)
NET CURRENT ASSETS			156,714		319,925
TOTAL ASSETS LESSCURRENT
LIABILITIES			1,177,069		1,382,905
NET ASSETS			1,177,069		1,382,905
CHARITY RESERVES
Unrestricted reserves	14		1,177,069		1,382,905
TOTAL RESERVES			1,177,069		1,382,905

						2023	2022
					Note
Cash flows from operating		activities
Net cash	(used in)/produced	by operating	activities		17	(112,509)	(232,597)
Cash flows from investing		activities
Bank interest receivable						1,784	109
Purchase	oftangible fixed assets					(5,488)	(36,454)
Net cash	used in investing	activities				(3,704)	(36,345)
Change	in cash and cash	equivalents	in	the year		(116,213)	(268,942)
Cash and	cash equivalents	at the beginning		ofthe year		677,514	946,456
Cash and cash equivalents		at the end	of	the year	18	561,301	677,514

following basis:
Depreciation is	provided	on	the	following	bases:
Freehold	property			-	2'/o straight	line
Equipment				-	20/o/30/o	reducing	balance/20'/o	straight	line
Property	improvements			-	5'/o straight	line

ANALYSIS	OF TUITION FEESAND EDUCATION CON	TRACTS
		2023f	2022f
Course fees and related income		1,238,441	790,222
Discounts	allowed	(2,084)	(2,347)
Other fees		1,110	1,080
Other Income		57,975	29,022
		1,295,442	817,977

			2023	2022
Bank interest receivable			1,784	109
			1,784	109
STAFF COSTS
			2023 f.	2022f
Wages and salaries			481,449	531,712
Social security costs			49,232	61,846
Contribution to defined	contribution	pension schemes	14,895	16,322
			545,576	609,880

				2023	2022
				No.	No.
Number	of	Lecturers			5
Number	of	Administrative	staff		10
					15

OTHER OPERATING EXPENSES
	2023	2022
Advertising	57,779	28,225
Computer costs	21,612	10,806
Accommodation	231,999	1,596
External rent, rates and water	140,840	42,538
Cleaning	24,554	20,863
Repairs and maintenance	27,453	22,450
Insurance	21,462	17,512
General expenses	6,613	4,778
Travel	65,528	45,538
Auditors remuneration	10,500	9,600
Consultancy	170,084	135,514
Telephone	13,215	13,847
Exam fees and associated costs	50,370	41,746
Printing, postage and stationery	8,060	17,040
Light and heat	9,933	4,875
Staff training	1,506	3,168
Legal and professional fees	24,484	18,693
Accountancy	11,390	11,163
	897,382	449,952
INTEREST AND OTHER FINANCE COSTS
	2023	2022
Bank charges	4,435	3,597
Foreign currency loss	7,556	1,751
	11,991	5,348

			2023	2022
Auditors'	remuneration	-Audit	10,500	9,600
Auditors'	remuneration	- Other	480	420
Staff pension contributions			14,895	16,322
Depreciation			46,335	46,642
Exchange	loss		7,556	1,751

	Freehold		Property
	property f	Equipment f	improvements	Total
Cost or valuation
At 1 September 2022	1,302,872	132,718	452,508	1,888,098
Additions		2,788	2,700	5,488
Disposals		(68,696)		(68,696)
At 31 August 2023	1,302,872	66,810	455,208	1,824,890
Depreciation
At 1 September 2022	442,778	116,726	265,614	825,118
Charge for the year	20,057	3,641	22,637	46,335
On disposals		(66,918)		(66,918)
At 31 August 2023	462,835	53,449	288,251	804,535
Net book value
At 31 August 2023	840,037	13,361	166,957	1,020,355
At 31 August 2022	860,094	15,992	186,894	1,062,980

		2023	2022
Trade receivables		282,632	267,081
Other debtors		8,622	4,290
Prepayments	and accrued income	30,310	32,324
		321,564	303,695

						2023	2022
Trade creditors						157,645	18,087
Other taxation and		social security				14,817	15,294
Other creditors						25,498	21,938
Accruals	and deferred		income			528,191	605,965
						726,151	661,284
						2023	2022
						F	F
Deferred	income at 1 September				2022	592,993	577,092
Resources deferred		during		the year		511,878	592,993
Amounts	released	from previous			periods	(592,993)	(577,092)
						511,878	592,993

			2023	2022
Not later than		1 year	1,944	7,502
Later than	1 year and not later than 5 years			1,944
			1,944	9,446

			2023f	2022f
Not later than		1 year	46,228	26,124
Later than	1 year and not later than 5 years		26,083
			72,311	26,124

		Balance at 1			Balance at
		September			31August
		2022f	Income	Expenditure	2023
Unrestricted	Reserves
General Reserves		1,382,905	1,297,226	(1,503,062)	1,177,069
STATEMENT	OF RESERVES - PRIOR YEAR
		Balance at 1			Balance at
		September			31August
		2021f	Income f	Expenditure	2022
Unrestricted	Reserves
General Reserves		1,676,641	818,086	(1,111,822)	1,382,905

			2023
Tangible	fixed	assets	1,020,355
Current	assets		882,865
Creditors	due	within one year	(726,151)
			1,177,069

ANALYS	IS O	F NET ASSETS BETWEEN FUNDS - PRIOR Y	EAR
			2022
Tangible	fixed	assets	1,062,980
Current	assets		981,209
Creditors	due	within one year	(661,284)
			1,382,905

			2023	2022
Net expenditure for the year	(as per Statement	of Financial Activities)	(205,836)	(293,736)
Adjustments for:
Depreciation charges			46,335	46,642
Bank interest receivable			(1,784)	(109)
Loss on the sale of fixed assets			1,779
Increase in debtors			(17,870)	(3,329)
Increase in creditors			64,867	17,935
Net cash used in operating	activities		(112,509)	(232,597)

		2023 f.	2022f
Cash	and cash equivalents	561,301	677,514
Total	cash and cash equivalents	561,301	677,514

						At 1
						September		At 31
						2022	Cash flows	August 2023
Cash	at	bank	and	in	hand	677,514	(116,213)	561,301
						677,514	(116,213)	561,301